Banking system Quote by Alan Greenspan Download Open image “Deficit spending is simply a scheme for the confiscation of wealth.” — Alan Greenspan ★ ★ ★ ★ ★ 2.3 out of 5 (5 ratings) Copy quoteShare Banking system Buying gold Deficit Deficit spending Gold Gold standard Inflation Monetary system Money Money and power Property rights Schemes Spending Wealth
Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as… — Alan Greenspan Copy Share Image
Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas. — Peter DeFazio Copy Share Image
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both. — Anonymous Copy Share Image
The goal is to reduce the size and scope of government spending, not to focus on the deficit. The deficit is the symptom of… — Grover Norquist Copy Share Image
When the economy is growing, there's a lot that can be done to deal with the deficit. — Henry Paulson Copy Share Image
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited… — Alan Greenspan Copy Share Image
By restraining spending and by cutting the deficit, Republican policies are helping to keep our economy strong. — Dennis Hastert Copy Share Image
Governments harangue about deficits to get more revenue so they can spend more. — Allan H. Meltzer Copy Share Image
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector… — Sarah Palin Copy Share Image
“Alan Greenspan, who would later become the Federal Reserve chairman, wrote in 1966: [T]he earnings saved by the productive members of the society lose value in terms of goods. When the economy’s books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare and other purposes. . . . In the… — Andrew P. Napolitano Copy Share
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. — Alan Greenspan Copy Share Image
At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock,… — Alan Greenspan Copy Share Image
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal… — Alan Greenspan Copy Share Image
I've always argued that this country has benefited immensely from the fact that we draw people from all over the world. — Alan Greenspan Copy Share Image
I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It… — Alan Greenspan Copy Share Image
Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove… — Alan Greenspan Copy Share Image
Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage… — Alan Greenspan Copy Share Image
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority… — Alan Greenspan Copy Share Image
Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the… — Alan Greenspan Copy Share Image
At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in… — Alan Greenspan Copy Share Image
We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy… — Alan Greenspan Copy Share Image
The guiding purpose of the government regulator is to prevent rather than to create something. — Alan Greenspan Copy Share Image
Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and… — John Adams Copy Share Image
If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan. — Kenneth Fisher Copy Share Image
A banking system is an act of faith: it survives only for as long as people believe it will. — Michael Lewis Copy Share Image
For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow… — Janet Yellen Copy Share Image
Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in… — Gavin Andresen Copy Share Image
Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with… — George Friedman Copy Share Image
In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are… — Maurice Levy Copy Share Image
The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities,… — Hilaire Belloc Copy Share Image
I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money,… — Margaret Drabble Copy Share Image
“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows… — Suzy Kassem Copy Share Image
![“Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by…” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/e7f/alan-greenspan-1834_america_skilled-shortages-in-america-exist-becau_52819.jpg)
![“Is this complicated, risky [banking] system the best we can have?” quote by Anat R. Admati](https://sms4smile.com/quotes/img-quotes/4b0/anat-r-admati-62764_banking_is-this-complicated-risky-banking-system_157381.jpg)
